Brexit fears drag pound to fresh two-year low ahead of UK inflation report - business live

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Brexit fears drag pound to fresh two-year low ahead of UK inflation report - business live
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Rolling coverage of the latest economic and financial news, as fears of a disorderly Brexit weigh on sterling

Neil Wilson of Markets.com fears that the pound could slump back towards the $1.21 mark, last seen in March 2017. He explains: Make no mistake, this decline in the pound is down to traders pricing in a higher chance of a no-deal exit. Ongoing uncertainty about the direction of Brexit it what is really driving the pound. We need to await the outcome of the Tory leadership race.

 

Looks like imports in the BorisJohnson land of milk and honey may be getting a little more expensive

Oh joy.

Project Fear... Yes to Democracy! No to an Undemocratic Superstate aka EUSSR!

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